City Holding Co. Sells 2,525 Shares of Accenture PLC $ACN

City Holding Co. trimmed its stake in shares of Accenture PLC (NYSE:ACN) by 25.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,417 shares of the information technology services provider’s stock after selling 2,525 shares during the period. City Holding Co.’s holdings in Accenture were worth $1,829,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ACN. Vanguard Group Inc. increased its holdings in shares of Accenture by 2.1% in the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after purchasing an additional 1,315,548 shares during the last quarter. State Street Corp increased its stake in Accenture by 1.2% in the 2nd quarter. State Street Corp now owns 28,016,605 shares of the information technology services provider’s stock worth $8,373,925,000 after acquiring an additional 326,979 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Accenture by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,042,843 shares of the information technology services provider’s stock worth $4,182,331,000 after acquiring an additional 147,931 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Accenture by 0.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,998,826 shares of the information technology services provider’s stock valued at $2,689,659,000 after acquiring an additional 56,108 shares during the last quarter. Finally, Sanders Capital LLC purchased a new position in shares of Accenture in the second quarter valued at $2,637,640,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Down 3.2%

Shares of NYSE:ACN opened at $259.78 on Monday. The firm has a market capitalization of $159.92 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 2.51 and a beta of 1.25. The business has a 50 day simple moving average of $257.83 and a two-hundred day simple moving average of $260.09. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The firm had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.Accenture’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be issued a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.5%. Accenture’s dividend payout ratio is presently 53.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ACN shares. BMO Capital Markets reiterated a “market perform” rating and set a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. JPMorgan Chase & Co. lowered their price target on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a report on Friday, September 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $330.00 price target on shares of Accenture in a research report on Thursday, December 18th. Stifel Nicolaus decreased their price objective on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Finally, TD Cowen lifted their target price on Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.83.

Insider Buying and Selling

In related news, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the sale, the chief executive officer owned 1,390 shares in the company, valued at approximately $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the transaction, the chief executive officer owned 23,516 shares in the company, valued at $5,868,888.12. The trade was a 27.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,319 shares of company stock valued at $8,335,225 in the last 90 days. Company insiders own 0.02% of the company’s stock.

About Accenture

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.